-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Pp17wc1hs1mrQfoT0/zUrA/JicBklSZy7ILbSTrTSziRc0DQReHL8aseSPQfkmS3 XE4NS9gOe92BtqJcoBV7Pg== 0000842295-06-000008.txt : 20060123 0000842295-06-000008.hdr.sgml : 20060123 20060123145226 ACCESSION NUMBER: 0000842295-06-000008 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20051228 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060123 DATE AS OF CHANGE: 20060123 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TOR MINERALS INTERNATIONAL INC CENTRAL INDEX KEY: 0000842295 STANDARD INDUSTRIAL CLASSIFICATION: INDUSTRIAL INORGANIC CHEMICALS [2810] IRS NUMBER: 742081929 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-17321 FILM NUMBER: 06543333 BUSINESS ADDRESS: STREET 1: 722 BURLESON CITY: CORPUS CHRISTI STATE: TX ZIP: 78402 BUSINESS PHONE: 3618825175 MAIL ADDRESS: STREET 1: 722 BURLESON CITY: CORPUS CHRISTI STATE: TX ZIP: 78402 FORMER COMPANY: FORMER CONFORMED NAME: HITOX CORPORATION OF AMERICA DATE OF NAME CHANGE: 19920703 8-K 1 reductions8kjan20.htm 8-K, ANNOUNCEMENT OF EXPENSE REDUCTION MEASURES 8-K, Press Release Issued January 20, 2006

 UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549


FORM 8‑K


CURRENT REPORT Pursuant
to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of report  (Date of earliest event reported):

January 20, 2006

TOR Minerals International, Inc.
(Exact Name of Registrant as Specified in Its Charter)


Delaware
(State or Other Jurisdiction of Incorporation)

0-17321
(Commission File Number)

722 Burleson Street
Corpus Christi, Texas
(Address of Principal Executive Offices)

74-2081929
(IRS Employer Identification No.)


78402
(Zip Code)

(361) 883-5591
(Registrant’s Telephone Number, Including Area Code)


N/A
(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

___

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

___

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

___

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

___

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

1



ITEM 2.02.  RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

On January 20, 2006, TOR Minerals International, Inc. (the “TOR” or “Company”) announced that the Company has implemented a number of expense reduction measures, including the elimination of manufacturing positions at the Company’s subsidiary, TP&T, located in the Netherlands, and other selective reductions in the Company’s operations in both the Netherlands and the United States.  The Company estimates these reductions will total over $1,000,000.  In addition, the Company’s is realizing improved manufacturing efficiencies at its Corpus Christi facility yielding savings in natural gas, labor costs, and reduced repair and maintenance costs.

Based on current business projections, the Company expects that cash flow from operations and liquidity will be positive in 2006.

A copy of the press release relating to this Item 2.02 is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is also available on its website at www.torminerals.com, under the News tab.

The information in this Current Report on Form 8-K, including the exhibits, is provided under Item 2.02 of Form 8-K and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section. Furthermore, the information in this Current Report on Form 8-K, including the exhibits, shall not be deemed to be incorporated by reference into the filings of the registrant under the Securities Act of 1933 regardless of any general incorporation language in such filings.

ITEM 9.01  FINANCIAL STATEMENTS AND EXHIBITS

(a)

Financial Statements of Businesses Acquired.
Not applicable.

(b)

Pro Forma Financial Information.
Not applicable.

(c)

Shell company transactions.
Not applicable.

(d)

Exhibits.
The following exhibit is filed in accordance with the provisions of Item 601 of Regulation S-B:

Exhibit No.

Description

99.1

Press Release, dated January 20, 2006 – TOR Minerals Announces Expense Reduction Measures

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

TOR MINERALS INTERNATIONAL, INC.
_____________________
(Registrant)

Date:  January 23, 2006

LAWRENCE W. HAAS
Lawrence W. Haas Treasurer and CFO

 

 

EXHIBIT INDEX

Exhibit No.

Description

99.1

Press Release, dated January 3, 2006 – TOR Minerals Announces Expense Reduction Measures

2


EX-99 2 exhibit991.htm EXHIBIT 99.1 - PRESS RELEASE, DATED JANUARY 20, 2006 Exhibit 99.1

Exhibit 99.1

 

TOR Minerals Announces Expense Reduction Measures

 

CORPUS CHRISTI, Texas, January 20, 2006  TOR Minerals International (Nasdaq: TORM) announced today that it has implemented a number of expense reduction measures, including the elimination of manufacturing positions in The Netherlands, other selective workforce reductions in The Netherlands and the United States, and a significant curtailment of various discretionary expenses.  The company said that these reductions total over $1 million.  In addition, the company said that it is now realizing improved manufacturing efficiencies at its Corpus Christi facility yielding savings in natural gas usage, labor costs, and reduced repair and maintenance costs.

The company added that, based on current business projections, it expects that cash flow from operations and liquidity will be positive in 2006.

Based in Corpus Christi, Texas, TOR Minerals is an international manufacturer of specialty mineral products for high performance applications with plants and regional offices located in the United States, Netherlands and Malaysia.

 

This statement provides forward-looking information as that term is defined in the Private Securities Litigation Reform Act of 1995, and, therefore, is subject to certain risks and uncertainties.  There can be no assurance that the actual results, business conditions, business developments, losses and contingencies and local and foreign factors will not differ materially from those suggested in the forward-looking statements as a result of various factors, including market conditions, general economic conditions, including the risks of a general business slow down or recession, the increasing cost of energy, raw materials and labor, competition, advances in technology, changes in foreign currency rates, freight price increase, commodity price increases, delays in delivery of required equipment and other factors.

Contact for Further Information:

David Mossberg

Beacon Street Group, LLC

(817) 310-0051


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